"Greatland stands out to us as a differentiated player, with a significant stake in what we believe will become a large scale, top-tier asset,” the.
Standard Chartered embraces bitcoin with new trading platform
Standard Chartered’s move is one of the strongest moves by a mainstream bank into the crypto space
Standard Chartered PLC (LON:STAN) is to set up a cryptocurrency trading platform in the UK and Europe in a contrary stance to Asia- focused rival HSBC (LON:HSBA).
The venture will be aimed at institutions and be developed through a joint venture between its digital arm SC Ventures and BC Technology, which operates Hong Kong-licensed cryptocurrency exchange OSL.
Mainstream banks have so far been by and large reluctant to embrace cryptocurrencies fully given uncertainty over their volatility and uncertain regulatory status in key countries such as the US and UK.